Our Harbor of Hope for Families

Analysis

Our Harbor of Hope for Families is a registered charity in United States, based in Laird Hill, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Harbor of Hope for Families reported income of $317k and spending of $356k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $403k to $317k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Harbor of Hope for Families sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Angelic Housing Resources Foundation Inc ($317k), Food Pantry of Jeff Davis County Inc ($317k) and Prader-Willi Homes of California ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $31k (8.7% of expenses). Other salaries and wages came to $118k. At year end it held assets of $23k against liabilities of $0, net assets of $23k. It reported 40 employees.